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from DrudgeReport: http://www.njleg.state.nj.us/2006/Bills/A1500/1327_I1.HTM

I was surprised that the market was not stronger this morning, with Bush safe in the US after visiting Pakistan and with the announcement of the ATT/BellSouth deal. Bought ES last night but only booked a 1 point profit this morning. Seems like the market was heavy coming into Monday morning...

Expenses on Sched C. Zero revenues. Gains/losses on Sched D for equities and 6781 for futures (there are other ways of doing it). See IRS's Pub 550.

The problem is "at the same time". If the sale and the buy are sufficiently distant in time, it should not be a problem. Whether that is a month, or a week, or a day, or an hour, etc., I don't know.

Excellent post, iceman!

As far as Bloomberg hardware goes, I like this: http://about.bloomberg.com/about/hardware/bunit.html (Until I left the buy side in 2001, I had access to a Bloomberg terminal, and I loved it. But, with the costs so high, I did not think that the expense was justified for an independent...

NYSE says it is closed on Monday for Washington's Birthday, not President's Day! See: http://www.nyse.com/Frameset.html?displayPage=/about/1022963613686.html "*Washington's Birthday was first declared a federal holiday by an 1879 act of Congress. The Monday Holiday Law, enacted in 1968...

Barron's' cover story is on Google (spelled "Gurgle" on the cover). Free this week: http://online.barrons.com/article/SB113961805110771361.html?mod=9_0002_b_this_weeks_magazine_home

"Back in the 1980s and 1990s, one of the most popular and successful investment gurus and newsletter editors was Martin Zweig, editor of the Zweig Forecast, author of Winning on Wall Street and chairman of Zweig Funds. Zweig is now out of the newsletter business and has sold his fund company. In...

As slackeral said, read UAL's bankruptcy docs. I don't know the UAL details. Generically, a company will file a (series of) plan of reorganization. Eventually, after bankruptcy lawyers have feasted on the carcass, the judge approves the plan. If at that point the company has so little in...

Norm, Your system sounds fairly active., Since IRAs cannot be traditional margin accounts, you typically cannot be as active in an IRA as you can be in a taxable margin account. You may run into problems there.

"Insurance" for investment fraud does not exist in the U.S. The Federal Trade Commission, Federal Bureau of Investigation, state securities regulators and other experts have estimated that investment fraud in the U.S. ranges from $10-$40 billion a year. In the case of microcap stock fraud, the...

I plan to read Hedgehogging at some point. It sounds like a good read. I was looking at the (4-star) reviews on Amazon, and found the review below. "ValueInvestor", the reviewer, is not very clear, but I think his point is that Biggs is well-connected. From amazon.com...

Great article. Thanks! An economic slowdown in China would likely have an impact around the globe.

I'm out. Profit not enough to buy anything at TIF, unfortunately.

How to play this? I bot TIF for a pop

In IB's case, they pay interest on total cash unused (over 10K).

Thanks, catima.

ISLAND/INET is down at both IB and TradeStation. Is the ECN down at all brokers? Thanks.

Yes. If you are trading stocks (and have not elected MTM status), your trade will not be taxable until you close the trade. If you close the trade in January, you might not owe tax until April, 2007. However, check to see if you need to pay estimated taxes earlier. If you are trading...